Almunajem Foods establishes new company in Riyadh

The new company will operate integrated logistics services

Staff Writer, Mubasher

July 2, 2024

PHOTO

Riyadh – Almunajem Foods Company’s board of directors has approved launching a new company in Saudi Arabia’s capital of Riyadh with a share capital of SAR 1 million.

The new company will operate integrated logistics services, according to a bourse filing.

In the first quarter (Q1) of 2024, Almunajem Foods’ net profits surged to SAR 114 million from SAR 81.90 million in Q1-23.

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